Overcoming the Hurdles of Payments in the Affordable Housing Industry

Online payment adoption is rising steadily in conventional multifamily and leading to the expectation of more self-service opportunities for renters. Recent industry information shows a continued shift of traditional payment methods away from the leasing office. Since 2015, paying rent on line has increased and estimates are that 55 percent of the apartment industry will[]

convenience fees

The Impact of Convenience Fees on Online Payments

When it comes to accepting electronic or online rent payments, every property management company wants the same things: maximum convenience and choice for residents at minimal cost. When formulating a payments strategy, it’s important to understand the rules governing convenience fees, as well as the potential impact on your online payments solution.

air-conditioning

Refrigerant Update: Status Quo for Multifamily Air-Conditioning

The most widely used refrigerant cooling today’s apartments, which appeared to be on the chopping block, is getting a stay of execution, at least for now. In early August the United States Court of Appeals ruled that the Environmental Protection Agency cannot force manufacturers to replace refrigerants like R-410A that emit hydrofluorocarbons (HFCs). The news[]

Why Outsourcing Accounting Will Give Your Company a Competitive Edge

Since arriving in the information technology world almost four decades ago, outsourcing has evolved into a key business practice across many industries. It’s no longer the butt of jokes, like when EDS and IBM set wheels in motion in the 1980s for companies to hand off internal routine computer maintenance and administration to overseas work[]

resident screening

Sizing Up Your Applicants Through Debt to Income

As the U.S. economy generally continues an upward tick, household debt has eclipsed that of levels in 2008 leading into the Great Depression. Total household debt has increased by $149 billion to $12.73 trillion. Depending on who you talk to, that should cause alarm. But economists argue that the economic condition is now much healthier[]

LED lights

How Lighting Upgrades Can Benefit Residents and Multifamily Operations

We know that LED lights grows plants quicker and healthier than other methods, including natural sunlight. Sunlight contains the full spectrum of colors, giving plants the information needed to grow. Tinkering with this spectrum, which LED lights allow with precision, elicits known and specific responses. Increase the amount of red, yellow, orange and green, and[]

property management software

RealPage’s Property Management Software Positions Ferndale Realty Group for Growth

Still processing on-site transactions at the home office, Ferndale was concerned that they were close to reaching the limit of properties they could handle without financial performance at individual assets suffering. RealPage software’s ease of use convinced them to push transactions out to the properties—and set their sights on expansion. Based in Illinois and managing[]

apartment market research

New from MPF Research: Houston Occupancy, Vegas Rents and Top Markets for Completions, Jobs and Permits

MPF Research provides actionable apartment market research to apartment investors and operators. Here’s the latest from RealPage’s multifamily intelligence division. Houston’s operable apartment stock essentially full in September Post-Hurricane Harvey, Houston’s occupancy and rent growth levels have increased. Price hikes, though, are modest and indicate operators are mindful of assisting displaced Houstonians. A new report[]

assisted living

Redirecting the Path to Affordable Senior Living and Assisted Care

The forecast for the future of affordable senior living and assisted living is sure to be analyzed and dissected greater than any sub-market meteorologist. The LeadingAge Annual Meeting & Expo in New Orleans, billed as the largest annual gathering of aging services providers in the country, is sure to have lively discussions on the direction[]

energy efficiency

In Multifamily, Energy Efficiency Equals Fiscal Efficiency

Mary Nitschke, director of ancillary services for Prometheus Real Estate Group in San Mateo, California, is a regular case study presenter at the Energy Summit in Washington, D.C. each year. With 13,000 units and another 2,600 in the pipeline, her company is the largest privately owned developer in the San Francisco Bay Area. Being a[]

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